Congregational No 150815 S¢oili8h Charity SCO95106 GREENOCK- WESTBURN PAIUSH CHURCH Congregational Accoullts st For the year ended 31 December 2024 9 Nelson Street, Greenock PA15 ITP SORP 2024 Accounts
Referenee and AdmilliStrAtive Illform8t&on Tru4tees
Greenock Westburn Parlsh Church of Scotland Tntees, Report Year ended 31 December 2024 PrlneipAI OfficfrpbeArers Session Clerks Prindpal Office 9 Nelson Street GREENOCK PA15 ITP Charity No: SC005 I06 Independent Examiner Bankers Virgin Money 100 West Bldckhall Street CFREENOCK PA15 IXR
Greenock Wes*bllrn Parish Church of Scotland Trustees, Report Year ended 31 December 2024 The tS present their annual re[rt and financial statements of the charity for the year ended 31 December 2024. The fiDcial sÉat¢tu¢nts have been pr¢pared in acLord8nce with the accolmting policies set out in note I to the accoullts and comply with the G¢neral iknembly Regulations for Congr¢gational Finance, th¢ Charities and Trustee Illvestrllent (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 am¢nded) and Accounting and Rewting by Charities: Statement of Recoll]tnended Practice applicable to charities preparing their accounts in accordance with th¢ Fknancial ReTting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. Objectives And Activities The Churcb of Scotland is Trinitarian in doctrine, refornied in tradition and Presbytetian in polity. It exists to glorify God and to work for the advanceEnent of Cbrist's Kingdon] throvgknutthe worl(L As anational CbuTC it acknowledges a distinrtive call and duty to bring t]Le ord1r1CeS of r¢Ligion to the people in every patish of Scottand through a territorial n]inisty. It c(Foperates with other ChuTches in various ecuD]¢Dical bodi¢s in Scotland and beyond. GreenocL. Westbum Parish Church is aresult of aunion between GTeeuo¢k: SL Luke's 2nd GreenocL. SL G¢orge's North on 29th NoveEnber 2006 using the buil(ting of SL Luke's. e¢no¢k Westbum Parish Church hosts Morning Worship at 11am every Sunday. Oth¢r wvi¢¢s offered throughout the year a) Four Cornmunion Sundays- 4 services at I l am b) Joint Holy Week Services Thith neighbouriu8 church inworating various styles of Worship c) 7am Easter Sunday outdoor service- followed by breakfast d) Harvest Thallksgiving Service e) FallY Gift Service (2 we¢ks before ChristDW to allow gifts to be distrkbuted) fj Christmas Fatnily Servic¢- incorporating Sunday School g) All Age Fau]ily Cbristtna8 Eve Service and Watcknight S¢rvi h) Cbrislrn&8 Day Service i) Blue C'1S[m&S Service j) Annual light up a lif¢ Service in partnership wkth local hospice. ubblegum and Fluty - event for Primary 5 pupils, ° Easter Code" event for Prinwy 6 pupils and inll Foundations" for Primary 7 pupils, which is organised IEL partnership Ott local Ghurches. Inverclyde Youth for Christ. local prim&ry schools and volullteers. BFFS (Big Fun F2mily Saturday) this has developed from Mi essy Church and Holiday Club and is held on a monthly basis with our neigtLbouring W¢gatIOn Lyle KirL It pmvtdes a variety of dif(er¢nt activities 8nd events to cater for all ages. Unifornied and Non-unifonned organisations play an important ml¢ within the congregation. A totsl of 120 children enjoy the faciliti&s over a 7 day perio
Greenock Westburn Parish Church of Seotland Trustees? Report (cont'd) Year ended 31 December 2024 Objectives and Activities (eoDt'd) School Chaplaincy continues at Ardgowan Prirn School and Clydeview Academy where the minister of tbe Charge is a n]ember of a chaplaincy teant YOUTH Sunday School S¢outs (AJI Ages) Guides (All Ages) ADULT Guild Prayer Shawl Group Choir SenÉor Badrninton Ctaft Group YOUTH- ADULT Stedfast Band (Boys, Brigade connected) Leapmoor Pipe Band (Scout connected) The faciltties ofthe churchbuildings are modry well DintaIned and centrally Locat They are e&8ily ac¢essible by public transport and are continually up-graded to meet health & safety standards and other Tequirements. They attract a complele cross section of organisations, with no dire¢t church nnectioll that use the facilities on a regular b&sis. These include the followitw with new groups and organisations using our buildings on an occasional or regular basis. Al.anon Broadway Boogie Kayos Drama Group Yoga Friends 4 Ev¢r Inverclyde Bereavement Group Ripe Bunch Move it or lose it (fitness for over 61Ys) Fit-steps Pilates Friends of Ardgowan Hospice F(x)dshare Prayer PrODterS Greeno¢k Rotary Connect Singing Group To maintain control over hall letting, plaDDing and preparation of premises, including Sanctuary, W¢stburn Parish Chuwh now employs a Church Offi¢¢r to supervisc the church facilities. The Church Officer WO in partnership with the Session Clerks to ensure there is cover 7 days per week and 52 we¢ks per ycar.
Greenock Westburn Parish Churcb of Scodand Trustees, Report (cont'd) i Year ended 31 December 2024 Achievements and Performance Following diwsions witbin th¢ Kirk Swion during 2023, it Iwd been awd that th¢ Kirk Session would continue to have a Co-ordinating CoJnmitte4 with overnll responsibi]ity for the vision and goals of church activities and able to piDvide direction foi tt}re planning. In additio4 the Kirk Session divided itself iato 3 new committees, wlych were introduced to repla tbe previous outdated ones, covering a range of re8ponsÉbilities following the Fivc mkS of missio as adopted by the Church of Scotlaud. Details of the retuits of the 3 new committees can be found on Page 9 of this docurrtent. AII thTee comn)ittees have met on a T¢gulaT b&8is thry)ughout the ye4r an(L having f$t consolidated their current activiti¢s, they arc now W0]ng on creating an action plan for the next five years. Westburn Church was previously awarded the bronze Kindness Charter by Compassionate Inverclyde for its range of kind works in the con]mwiity. Looling to build on this, Nurture & Discipl¢ship are working on a Westbum Church Kindlless Charter, which will show our current 'kind' a¢tivtties and our firture pl8ns. Numbers attending weekly worsbip on a Sunday morning have once again remained static during 2024 and a ieam of thivers continue to provide transport for son of the less able member4 who would otherwise be uttable to attend services and events due to the lack of suitable public trdnsport. Other eventy including afternoon teas and soup lunches, help to give people opportunities to leave their homes and mix with others in tbe communily. For members who are housebound or in care homes, there are regulor visits by their District EIders, k¢epiJ)g them in touch the WO of the alld ensur1 that they are not forgotte Under the Current PKsbyt¢ry Mission Pl work was to be to investigat the fe&8ibility of separating tbe church IMlls from th¢ sanctuary, with a view to putting the sallct up for sal¢. Although initial Work has been undertaken on this matter. no agreement PS yet been reached by Presbytery, and so we continue to worship in the sanctuary as before. Worship is led by our n)intts, who is sUPrted by a Reader and 2 Worship LKad¢rs. Links with OUT ncatest Church of Scot]and congregation continue. with the 2 ministers WOTking clos¢ly togettLet. Joint activities have included varAOUS services. & joint Holid&y Club foi primary school ag¢ cl]ildw and each month there is aBig Fun Family Saturday event arange of activities for all ihe family on a Saturday afternoon and a mo• Youth Group for teenagers on a Sunday evening. Additionally, a wider group of local clergy provide chaplaincy throughout the local schools, with particul8r prOgrarnes aimed specifically at primaries 5,6 aud 7. This work h&$ beenwell received by pupi teachers and Farents ke. Foodshare alld our Wami Space in the Community continue to work in tandejn in ourhalls one morningper w¢¢L widi a rota of church volunteers assistÈng with the serving of tr& coffe4 soup etc to those wbo come. Attendees come from across tb¢ ¢OD]munity with refugees mixing with locals and bonds being n]ade and developed. Some regulars clearly require the &ssistance given by the free food, whkle others come for tbe social interactioJL but judging by the noise of the chatter, this is a succe&$fi coming together of a diverse range of people. As a church we always gttyve to do the best that we ¢aD for those in nee(L We have long supported a number of oljarities in South Africa and collections are held regularly to uphold QUT coznmilment to tIw]L Additionally, we supportthe work of Christian Ail Greo¢k Rotary's Smalls tor All ProjecL Inverclyde FoodbanK Start¢r Packs Inverclydc tjnd Inverclyde Council Social Work Departin¢nt's alluual christll Toy COlltion each ye8r, with other oolIectioDS taking pkce on an ad-1¢ basis. &s a particutar need arises.
Greenock Westburn Parish Church of Seot18nd Trustees, Report (contld) Year ended 31 December 2024 Fffinancial Review The accounts for the year show a surplu3 of £84,992 before accounting for the nwvement in valuation of the investmeErts h¢ld, cornpar to a sutplw of £6,165 in th¢ previous year. This yeat included a legacy and a one- off donation of £108,042. As note in the 2023 accounts we continue to encounter issues over the submission of the meter readings to OUT utslity. ReadiDgs tsjntim to be submitted monthly and a cloye eye kept on the invoices rnised. Our offerings continue lo fall year on year and we ¢onstanlly lookiJg for new sources of income to supplement the fall. The cash balance at the y¢ar end is sigoificantty up on tbe previo$ year due to the legacy re¢eiv¢d in the year and we continue to hold go(xl cashT¢s¢rves and have go value h¢ld in inv&8tnwits. Th&8e ittv¢stments ÉncFe&sed in value in the year agai Investment Poliey and Perfornian All investrnents held by the Church ar invested in the Church of Scotland Growth & Income fijnds. It is hoped that these fimds ¢ontinue to provid¢ the same level of income ¢a¢h year and hold their vaIu¢. This year they achieved th¢ objective of providing the income exp and tbcy increased in value. Risk Management Principal risks and uncertainties facing the congrwon of GreeThxk westbll Parish Church as w¢ proceed through the swond decade of the 21 century are irry similar iu nature to what rAust be WOkTying many congr¢gaiions and especially Finance Convenas throughout Scotland. Havingbenefitted. during pastyear& bythe sale of Chh buildingy andmanses, that tnoneyhowever position¢d withinthe funds ofthe national Church is gtadually diminishing as year upon y¢4r eXiditur¢ exce£ds incom¢. The Resource & Administration ¢on]mittee of WestbumParish Church is looking at ways inwhich costs canbc cut on property repairs attd gener81 up-keep whilst still maintsining the propety. Westbum church complex comprlxs of a knge sancbjary link¢d to a centrc complex containing a larg¢ hall, kitchen, lounge and sel¢ction of meeting rooms and an Unnn¢Cl youth bail with its own kitchen facility. As the chi]r¢h facilities are well usoj by church and non-church Organisatsons we ty to maintain a high standard of fabric tog¢ther witb rcl¢vant health attd safety ISSU which may b&v¢ a bearing on people wing the pretnis¢s.
Greenock Westburn Parish Chureh of Scotland Trustw, Report (¢ont'd) Year ended 31 December 2024 Risk Management (cont'd) VolUatr lafv is used on genera] upkeep and on repay kn )&81614 and a considerable sum of money is saved over a period of12 months. As stated in the Trustees Re Westbum now onty employ I part-lime Chwch offic¢r over a 7 day week. We have in the pasL dIng illness, church mem1S volunteer church officers to elimi]tr Chllh officer attendaace and decre&8e costs. Energy efficiency is another area where sayings m8y be made. With 4 irLdependent systems we are looknng closely at heating by JL)cation aod bming wljen certain arcas are in use. The oveTall age analysis of our Congregatio Statistical Return for the congregation for 2024 show¢d 7/D ag¢d 65 and over, although those of that group are wnsid¢red to k the most hard-working within the ¢ongregatton. Office-bearers at this monMIt in time are not a major cojw as Mt have intr(M anewmethod ofproviding house visits aud communicating with all membeJs of our eongregatio We are also seeking to provi(k al*eTDative times al styles of wotship. &8 well as & VdTicty of gr(nips and activities, to encourage as broad a range of people to be involved in the life of th¢ ¢hur¢lL These would tn¢lud¢ Big Fun Family Saturday. family and social events and other bigbjighted throughout the re)rL As the paragraph "Structutt. Governance and Manag¢menf state8 . .....elders of the church are chosen because they are c(msidered to have the appropriate ftS and skills". Gilts and skills Mryll have to be used in all aspects and areas of church work, in times abead. Reserves Poliey The charity trnstees have consid&Ed the reserves ]red and have taken into aLYount their ¢urrent ¥nd future liabilities. It is tbe Trustees, policy to bold reserves of aPPToximalely 6 months expenditur¢, excluding the non- distributable IerveS. At the ye4r end the Church held distrAbutsbIe unrestrided resee8 of £413,965 of which none have b¢en deslgnated fi)r future specific pu)Se5. This balance represents almost 35 months ofexpenditure (bas¢d on estimated costs of £140k) and whilst this is higlw than the six months policy ofTeserv¢s, it is expeet&l that the Church and its surn)uttding buildings require significant eXndItute and additional reserves have been MaInts for this PurSe. The chur¢h also h¢ld £28.917 of restricted funds wbich have been provided forthe purpos specified in Note 18.
Greenock Westburn Parish Church of Scotland Trustees, Report (cont'd) Year ended 31 December 2024 Strueture, Governance and Management The Congregation is aregistered charity, number SC005106 and is administered in accorCe withthe ternts of the .Model Deed of Constitution (or Deed of Constitution W'nitary Forn))) and is subject to the Acts and RegulatiODS of the General Assembly of the Church of Scotland. Members of the Kirk S¢ssion are the charity trustees. The Kirk Session tnembers are the elders of the ¢l)urch and are chosen from those membeTS of the clLurch wl]o are considered to have the appropriate gifts and skills. The ministsr, who is a member of the Kirk sessio is dected by the congregation and I]Ucted by Presbytery. The Kirk Session is moderated by the named minister and meets five times a year, with ad hoc meetings when necessary. Itis responsAble for all spiIitual and temporal affaits withinthe churcty offaing aconjmittee stsucture. with responsibility for the following areas of chuT¢h worL NURTLUIE & DISCIPLESHIP: . that people of all age stages and abilities may find a meaniw encounter with Godthrougb worsbip which sustains their day to day living. thatall members may fe¢1 Thrll supported and cared for8nd people living in thepIsh nmy have support from the Chwcfy especÉaEly in times of need. that we will aim to increase our worshipping community by using new and different forn]s of worship Styles and tnusic. MISSION & COMMUNrrY: . that our links with our community, with other ngreiOnS and groups in our and witb partllers across th¢ world may be r¢l¢vant and supportive and that we may work together with others in humility and seryi¢e. that the inforn]ation going out from W¢stbum PaTish Churcl printed or on-line , communicates the Good News of the Gospel and refiects the life of the congregation to those accessin8 the inforn)ation, that, a8 a Priority Area congregatio we can use our buildings and resources to improve the lot of our parisbioners who are in gr¢atest neeiL RESOIJRCE & IlDmINISTRATIO,. that all our buildings may be i*elcoming spaces, well used by and meeting the n¢¢ds ofthe chutch family and the cotnmunity. that we steward our r¢sour¢es and gfts w¢ll and generate sufficient inwme to be able to fulfil our Ioc81 purposes, stpOrt the wider work of the Church of Scotland and those causes to whxch we wish to contribute. that we strive to impIem¢nt an -StrategY within the wngregation and other users of our buil(lings to combat climate cbonge and promote sustainability. It is the aim of the Kirk Session that that peopl¢ of all ages, stages and abilÉties may find a sejjse of welcome, friendsbip and belonging within the WesÉburn P8rish Church family and buildings.
Greellock Westburn Parish Church of Scotland Trustees? Report (cont) Year ended 31 Deoember 2024 Trnstees, Responsibilities in Relation to the Financial Statsments The Charity trustees are T¢SPOZ]sible for preEwing a truste&5 8tmU81 T¢rt and fu1?1 Statements in aecordallcc with applicable law and United Kingdom Accounling Stalldards (United Kingdom Generally Accepted Aecounting Practic¢). The law appli¢&blc to clwities in Scotland rcquires the cl]arity trustees to preFWf fiDallcia] statements for each y¢&T whicb show a and fair Yieth, of tbe state of affai of the ¢harity and of the incoming rcsouT¢¢S and appli¢arion of rewur¢ffj of the charity for that perio(t In preparing the fnancial siatsmenty the trustees are requiLEdto; • select suitable accounting polici¢s and thell apply them nsisty. • olxsekve the metlkod and priDciplds in the applicable Chatities SORP. • tIMkc judgements and estim&te5 that a re&sonoble and • st&t¢ whether appli¢abl¢ &CuntIng StsndaY aud slatements of remMended prd¢ticL have been followed: subject to 8ny dcpartares disclosed and explained in the finoncial statements. • prepare tbe financial Ststerner on the going CoeM basi5 unless it is inappropriate to prtsume that the Gharity will continue in OpeIlonal ¢xAsience. Th¢ trustees a responsibl¢ for kttping proper accOtillg re which disclose vrith iEasonable 0vY at any time the linanclal posirion of th¢ charity and to csthble them to ensure that the financial statements comply with the Chariii¢s ¥nd Trust¢e Invesljnent (Scotland) Act 2005 and the chltieS Accounts (ScA)tl&nd) RegL71atioi)s 2006 (8s amcnded). They arE also responsible safegL]ardiJ]g the assets of the charity and ben&£ for taking redSODable steps tor the prevention and detection of fraud and other irregularities. The trustees are rcspoTh$ible for thc mainteD8nce and integrity of the cl]arity and fEnallcial infornln on the CUll8re¥alion's websit¢. LEgisl0n in the b'ntt¢d Kingdom gOerning the preparation and dissemination of f¢11 stsLements may differ from legislation in other jurisdkctions. Approved bv the Trust¢¢s and siglled on their bel]alf. Date 23rd March 2U25
GREENOCK. WESTBURN CHURCH Indopgnd4nt Examlnof$ Roport to tho Trustg9s of Greenod(-Westburn Church I report on the a¢(YJurrty of the ch8rlty for the orrfled 31 DtrLmber 2024 which are set ¢JJt on pages 21020. Rwjectlve rospon•lbilld¢$ of tt8 and eX•In•r Thg Irustees are respK>n5ible for the Weparath of the a(xourts In x0rdance with tIFg tems or thB Chaes and Trus189 Inv68trnent (Scthand) A¢t 2005 Ihe Charlttes A(xy)wts (SoJtkn> Rggulallws 2006 (as amond8dl. The ¢harfty tntstsgs wnstdgr th81 th8 sudt requlweni of R@gUlat)n 10{1) (a) to (cl of Accounts Regthlon3 does not aFpty. It is my r8sponsibli ity ts) exarnine ihe accounts as requlred under seclon 44(11 (c) of the Act arKI to stste thother partbJ18r m8tter8 have L¥Jme to rny attentl(n. Bas18 of Ind•pond•nt ExamlD?rf$ statome My ex8mln8tlcffi is carrfed out in a¢wden vlth Rogul8tiffl 11 of th8 Chartbs AGcounts (Saotland) Regutatlon8 200fj las arnen(iedl. oxamin8lion wK4udes a of the acuuntirvJ records kept by the Chaiity ar a of Ihe accounts wesenled with those reco18. It d80 Includ8S Gonsiderafton of any unusual Ilen cy dlsdosures In the Bccounts. and seeks explanatiD% frorn the tr¢Jstees eonearntng any 5uth matters. Thg prrxedLtres und6rtakèn do nol prowde all the &an¢ that would b8 requlrad In an aLMJ¢ and cons•quwWy I do not exp an aLMIit onn on lh8 vlew gen the accounts. Ind•pend8nt Examin•lts staleme In the course of my examhallon. malter h&s ccrna to my att*thn: whish gives me rbIe cause to lIeVe that in any materfa respertthe requlrem8nts: to keep aco)JnllTrJ r8corts in acGOlanr secti( 44(1) (a) of tre 2005 Act and ReguLqlM)n 4 ofthe 21x6 A(%nts Regulattons (88 amended). 8TrJ of the 2006 Awunts Rad&ll0n8 la8 amended) hfft not been meL or lo whith. In my c4)Inion, atlton be drawn in c¢der ts) en8k4e a proper under5taTrding of the Page 1 of 20
GREENOCK - WESTBURN CHURCH STATEMENT OF FINANCIAL ACTIVITIES For tho year ended 31 Dec8rnb6r 2024 Unrestrfctsd Restrlctsd Funds Funds 2024 2024 Total 2024 Total 2023 Income and endowments Donations & Legacies Charitable acliv(lies Other trdding activities Investments Other 176,714 2,595 14,955 12,196 11.340 6,001 182,715 2,595 14,955 12,198 12,840 88,149 2,510 15.467 10,325 21.967 1,500 Total In¢oma 217.800 7 503 225,303 138.418 RES URCES EXP Raising funds Charttable activities othèr DED 421 131.038 421 415 4.051 135,089 129.429 4,801 4,801 2,409 Total exPendIre 131.459 8.852 140 311 132,253 l Net incomel{expenditure) bafore gains and lossas on investmonts 86.341 ( 1.349) 84,992 6,165 N6t gainslllosses) on inveslments 15.282 15,282 15.438 Net Incomel{expendtture) 101.623 ( 1,349) 100.274 21,603 Transfers betheen hjnds Net movement in funds 101.623 1,349 100,274 21,603 ' Reconclliation of funds: Total funds brought forward 617.942 30.266 648.208 626,605 Total funds Caled forward 18 719.565 28.917 748.482 648.208 2rf20
GREENOCK- WESTBURN CHURCH BALANCE SHEET AS at 31 Der2mber 2024 Unrestrlcted Restrlcted Funds Funds 2024 2024 Total 2024 Total 2023 Flxad A88qtB Tangible Fixed ksets Investments 2TQ.000 284.335 270,000 284,335 554,335 270,000 289,053 539.053 12 Currant Assets Debtors Bank and Cash 13 14 47,210 118317 165,527 47.210 28.917 147.234 28,917 194.444 72,489 38.807 111298 Credltors amojnts falling du8 Wtthin one year 15 297 297 Net Current Assets 28,917 194 147 109,155 Net Assets 719,565 28 917 748.482 648.208 Unrestricted Funds G8neral Funds- Distiibulable General Funds- Non-distributabl8 General Funds - Designated 18 18 18 413.965 270.ly)O 413.965 270.01)0 35.600 312,342 270,01)0 35,600 Re8trfcted Funds (Includlng Revaluation Reserve) 18 28.917 28.917 30,268 719,565 28,917 748.482 648,208 The Accounts were approved by the Kirk Sl0n on 23rd March 2025. For and on b8half of thg Klrk Sess"Tron p*3)
GREENOCK- WESTBURN CHURCH STATEMENT OF CASH FLOWS For the year ondod 31 Dembar 2024 Total 2024 Total 2023 Nots Net cash used in operating actlvltl89 19 63.070 Cash flows from Investlng actlvities: Interest and dividends 12,198 10,325 Net cash provldad by investing actlvfttes 12,198 10,325 Cash flows from acqulsltlons and dlsposals: Pur¢hase of fix8d assets N¥et cash outhow from acqulsltion$ and dlsposals Change In cash and cash equivalents In the year 108,427 52.7451 Cash and cash equivalents brought forward 38,807 91.552 Cash and cash equfvalents carried forward 147,234 38.807 PwJ84 of20
GREEIIOCK - WESTBURN CHURCH ACCOUNTING POLICIES FOR THE YEAR TO 31 DECEMBER 2024 The princlpal accounting polities. which have been applied consislenty in the current and pre¢eding year in deallng wlth ltsms which are considered material to the accounts, are set out below. Basls of preparatlon The financial statements have been prepared in accordan with AccountlrYJ and Reporting by Charrtias: statement of Recommended Practice applicable to ch8rities preparing their accourrts in accordan with the Financlal Reporting Standards applicable in the UK and RepubliG of Ireland (FRS102) effectlve from 1 January 2019 and the Flnandal R8porUng Stsndard applicable In the UK and Repub51¢ of Ireland (FRS102), the Charlties and Trustee Investm8nt (Scottand) Act 2005 and the the Charities Accounts (Scotland) Regulations 2006 (as amended). Fund$ Funds are classrfied as either restricted funds or unrestrrcted funds, defned as follows: Restricted funds are fvrKls subject to specific requirements as to thair us8 whlch may be dedar8d by the donor or wilh thelr authority eated thrwgh legal processes. but still withln the wider objects of the charity. Unrgstricted funds ar8 expendable at the discretion of the ISteeS in furtherance of the objects of the charity. If parts of the unrestricted funds are 8armarked at the discretion of the trustses for a P8rticular purpose, th8y are designated as a separate fund. This deslgnation has an administrative purpose only and does not legally restrict the trustees, discretion to apply thg ful. Incoming resources Income is recognised when the charity has 6n1ftlent to the funds. any perform8nc8 condltlons attached to the item(s} of income have been meL it is probable that the Income will b8 received and the amount can be measur8d rel18y. All donatlons and gifts are Included wtthin ino)mlng resource5 under either unrestricted or restrictsd funds according to the terms under which the donation Is made and when the amount can be an be quanttfied reasonable accuracy. Donations and gifts in kind are brought into the accounts at th81r market Value to the charfty. Donated seNlces and facllltles Donated professional services and donated faciliiies are recognised as InMe when the charity has control over th6 item, any conditlons associated with the donated item hav8 been mec the receipt of economic benefit from the us& by the charity of the item is probable and that economic beneflt can be measured r61iably. In 8ccord8nce with SORP (FRS102) the general voluntèer time of congregation m8mb8rs is not r6cognis8d. On receipt, donated professional seNic8s and donated f8uliti83 are regnised on the basis of th8 value of the gift to the charity wlich is the amount the charity would have been willing to pay to obtsln S8C&S or facilFttes of equivalerrt economic ben8flt on the op8n market, a corresponding amount then recognised as expendreure in the pgriod of receipt Py5rI20
GREENOCK - WESTBURN CHURCH ACCOUNTING POLICIES FOR THE YEAR TO 31 DECEMBER 2024 {continued) Interest recelvable Interest on funds held on deposit is included when reoeivable and tho amount can b6 measured reliably by thé charity. this is ncmamy upon notification of ts interest paid or payable by thè Bank Resources Expondad Expenditure is recognised on an accruals basis as the liability is incurred. Tanglble Fixed A880ts , The chaiity has the right to owy and us8 for its charttab18 Obj certain tangible fixad assets, including tha Gr@8nock Westbum Church and Hall. vested in the Church of ScoUarKI General Trustees. No consideration is payable for the use of these a8sets. The title deeds of the Manse at 50 Ardgowan Street. Greenock are in th8 hands of the Socal I trustéas. This wlll be occupied by the Minister and her family. Expenditure incuffed on thb répair and maintenance of these assets is chargod as resources expended in thg Statsment of Financial Activiti8s in the period in which the liability arises. All tangib18 fixed assets costing in exc of £5,000 having a vaSue to thè chatity greater than onè year, other than those acquired for specrfic purposes, are capitalised. Depreciation is provided on a straighl-slna basis to write off the cost or initial value. less residual value. of langible fixed assets over their estimated useful lives as follows.. - Propaty- No depreciation Audio Visual - 3 years straight line Investments Fixed asset investments are slated at market value at the balan sheèt dat8. Unrealised gains and losses represent the difference b8tW8en the m8rket value at the beginning and end of the financial year or, rf purchased in the year. the difference beN¥een cost and market value at the end of the yèar. R6alis8d gains and lossgs represènt the drfference bètsveen the prOed$ on disposal and the market valu8 at the start of the year or cosL rf purchased in th8 r. Taxation Westburn Church Greenock is recognised as a chanty for the purposes of applicable tsxation legislation and is therefore not subject lo tsxation on tts charitable activities. The charity is not règlstered for VAT and resources expended therefore indudg irrecoverable input VAT.
GREENOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL sTATEMEr5 For th8 year ended 31 December 2024 l) statement of Flnanclal Actlvltios - Unrestslctod 2024 2023 Income Donations & Legacl&s Charitabl8 activities Other trading activities Investments Other Total Income 176.714 2,595 14.955 12,196 11,340 217,800 83,099 2,510 15.487 10,325 127,255 Ex enditure R8ising furKIs Charitsble activitres Other Totsl expendtture 421 131.038 415 98.170 131.459 98,585 Net income before movement on investmants 86.341 28,670 Nèt gainsl(loss8s) on investments 15.282 15,438 Net incomel(eyndlture) 101,623 44,108 Transfers bee@n funds 23,029 Nlet mov8ment in funds 101623 21.079 statement of Financlal Actlvtties - Restrictod Income Donations & Legacies other Totsl Income 6,001 1,500 7,501 5,050 6.113 11.163 Ex anditur8 Charitable adivities other Total expenditure 4,051 4,801 31,259 2,409 33.668 Net income before movemènt on investments 1.351) ( 22.505) Net galnsloosses) on investm8nts Net incomeJ(expendttur8) 1.351) { 22.5} Transf8rs b8lween funds 23,029 Net rnovem8nt in fvnds 1,351 524 Pagg 7 of
1 GREENOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 December 2024 Unrestrictsd Restricted Funds Funds Total 2 Donations and Legacles {Current Year) Offerings- WFO Offerings - Open Plate Offerlngs- GEft Aid 9,549 753 51,134 61,436 11.164 1,072 103,042 176.714 9.549 753 51.134 61,436 11,164 1,072 109,043 182 715 Tax r8cov8r8d on Gift Aid Contributions from Congregatfon (kgani&qÈions Other 6,001 6.001 Donations and Lega¢les {Comparatsv• Yoar) Offerings- WFO Offerings- Open Plate Offerings - Gift Aid 13.471 1,174 52,987 67.632 14,718 749 13.471 1.174 52,987 67,632 14,718 749 Tax reooveréd on Gift Aid Contributions frorn Congregation Organisations Other 5,050 5,050 83.099 88,149 3 Income from charltable activitie5 {Currènt Yoar) Wedding and funerals 2,595 2,595 2,595 2.595 Income from charitablo actlviti8s {Compartlvo Year) Wadding and funerals 2.510 2,510 2,510 4 Incoma from other trading activltes (Current Yaar) Hall rental 14.955 14.955 14,955 14.955 Income from other tradlng activites (Comparatlve Year) H811 rèntal 15.467 15.467 15,467 15,467 Pap8of
GREENOCK- WE8TBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMEKrs For the year onded 31 Do¢ember 2024 Unrestrlctad Restrlcted Funds Funds Total 5 Investment Income (Curront Year) Interest Dividends received 2.222 9.974 12.196 2,224 9,974 12.198 Inveslment Income (Comparative Year) Interest Dividends recalved 1.820 8.505 10.325 1.820 8.505 6 Other Income (Current Year) Kerr Trust Grants Donations 4.600 1.000 5.740 11.340 4,600 2.500 1.500 1,500 12,840 other Income (Comparative Year) Kerr Trust Wami Space Grant Donations VAT reclaim on Fabric Costs 4.600 4,600 2,250 11,254 2.250 11,254 3,863 6.113 15.854 21,967 Ptyg9Df
GREENOCK . WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMEp¥rs For the yoar ondad 31 Docembér 2024 Unrestrlcted Restrlcted Funds Funds Total 7 Arialysls of Resourcts Expanded (Curront Year) Raising Funds Offering Envelopes 421 421 421 421 Charitable Activttss Giving to Grow Ministars, Trav811ing Exp8n6es Minist8rs' Telephone & other expenses Presbytery Dues Organists Costs- Salary. Prais6 & Tunlng Church Office, Church Halls & Cleaning Warm Space Costs Light & h6at Council tsx Insurance St*ionèry, Prlnting & Advertising Telephone. Postaga and Sundries Gas Maintenance- Church Fumtture & 8quipment Youth of the Congregation Ministerial Aids Ministerial Assistance Other costs Repalrs & Maint8nance- Church Rèpairs & Maintenance- Manse 58.253 58,253 631 1,242 5,857 13.110 631 1,242 5,857 13,494 299 24,125 3.097 10.431 384 299 2.317 21.808 3,097 10,431 1.906 1.346 738 38 85 159 100 1.051 11,003 1,234 135,089 738 38 85 159 100 1,051 11,003 1,234 131038 4,051 Other Costs Organisation costs 4.801 4,801 4,801 4,801 Total 131459 8,852 140,311 Pag8 10 rf20
GREENOCK- WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year 8nded 31 December 2024 Unrestrfctsd Restrtcted Funds Funds Total 7 Anatysls of Resources Expended (Comparative Year) Raising Funds Off8ring Envelopes 415 415 415 415 Charitable Activitie5 GIng to Grow (Prev M&M Allocatton) Ministers. Travelling Exp8nsès Minist6rs' Telephone & other expenses Presbytery Duès Organlsts Costs- Salary. Praise & Tuning Church Offlcers, Church Halls & Cleaning Warm Spac8 Costs Light & heat Counol tax Insurance Stationery. Printing & Advertising Telephone, Postsge and Sundries Gas Maintenance - Church Fumiture & equipment Youth of the Coryregation 0th8r costs Net costs of break in Repalrs & Maintenance- Church Repairs & Maintenance- Mans8 58,119 58,119 553 553 2.633 5,848 17,782 139 6,7301 3,011 10.024 1.951 1.478 3,870 481 157 916 16.815 967 139 694 ( 7,424) 3.011 10.024 1.951 1.478 3.870 157 916 25,833 2,710 31.259 25.833 2.710 129 429 98,170 Other Costs Organisation costs 2,409 2,409 2,409 2.409 Total 98.585 33.668 132,253 P4ge 11
GREENOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year and 31 Dècèmbèr 2024 2024 2023 8 Staff Costs and numbers Salarles arml wag&s 15.312 17.817 Total 15,312 17.817 Tha average nLtmber of empFoyees durng kne year was as follows: 2024 Numb8r 2023 Number Church offirS Organist No amployea had èmployment beneffts In exc8ss of £50.000 (2023 - nil). JE Church of Scotland congr8gatlon8 contllbLrt8 to lh8 NatioThal Stipend Fund which bears the costs of all ministers, stipends and ernFayrS' contT*)utions for national insurancè, pènsion and Housing and Loan Funo. Minlstars. spandS are pad in accordanc8 wlth th& natiotial stipend scale, which is relakd to years of service. For the year under review th6 minimum stip6nd was £31.642 and Ihe maxlmum slpend (in th8 flfth and subsoquent years) was £38.884. g Trustee Remunfrration and Relaled Party Transactlons During lh8 ygar, one (2023 - on81 trus received reimbursement of exportses incurred totslling £3,728 (2023- £3,564). During the year £26,120 {2023 - £25,539) donated to the cthgregaton by biJst888. During the year close family mernbers of trustees r1ve{j the following by way of remuneration fOrthr role as church offlcer: 2024 £6,238 2023 £5,681 £969 12
GREENOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the yoar anded 31 December 2024 10 Spe¢lal Donatlon5 During the y8ar the church collected and donatsd the following rA)Ilections:_ 2024 2023 South African Proje Marys Meals DEC Eerthquake Appeal Poppy Scotland 816 715 816 435 176 187 During the year the Congregation also contrilxrt8d towards the local Christian Aid Collections. In 2024 an amount of £960 was cx)IleGted during Christian Aid week {2023 - £838). 11 Flxed Assets Audio Property Vlsual Total As at 1 January 2024 Added Sn yaar As 8t 31 Dgcernber 2024 270,0(M] 30.835 300,835 270,000 30 835 300,835 Depreciation As at 1 January 2024 Charg8 for y8ar As at 31 December 2024 30.835 30.835 30.835 30.835 Net book value As at 31 December 2024 270.000 270,000 As 8t 31 December 2023 270.000 270.000 Pw49 13 ¢A20
GREENOCK - WEST8URN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the yoar ended 31 Dècember 2024 12 Invastmants 2024 2023 Market Valuè Carrying Value at 1 January 2024 Additions Disposals Net Galnl(Loss) on revaluatlon 289,053 253,615 15,282 15,438 Carrying Valu8 at 31 December 2024 284,335 289,053 Cost Church of Scottand Investors TnJst- Growth Fund ChLtrch of Scotland Investors Trust- Income Fund 106,120 129,984 236.104 106,120 129,984 236,104 The following Inv8stmÉnl$ are now held: Church of Scotland Investors Trust- Growth Fund Church of Scotland Investors Trust- Income Fund 25.820 units 10.814 units 13 Debtors 2024 2023 Prèsbytery Dues Insurance Prèpaid Rental Income for y8ar not yat reoived Council Tax Mans8 Mu$1¢ Licence Prepaid Gift Ald Tax R8fund Due LPW Grant Claim Kerr Trust Legacy Electricity Overpayment due 751) 867 1,011) 500 457 97 13,247 3.863 4,600 472 104 10,620 4.600 31.298 49,893 47.210 72,489
GREEIIOCK- WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMEKrs For the year ended 31 Decombor 2024 14 Bank Accounts and Daposlt Funds 2024 2023 Bank Accounts - Congregational Bank Accounts - Organlsatlons Deposit Funds - Gen8ral Deposit Funds - Fabrfc 110.237 26.606 10,356 35 2.337 26,592 9.845 33 147.234 38,807 15 Ctedltors: amounts falllng duè wlthln one year 2024 2023 Utillties PAYE & Wages Oth8r 52 245 256 385 297 16 Analysls of Net Assets BetWO8n Funds General Restrlcted Oryanlsafional Total Flxed Asset8 Investments Current Assets Current Liabilities Net Assets at 31 December 2024 270,000 284.335 165.527 297 719.565 270.000 284,335 26,606 194,444 297 26,606 748,482 2.311 2.311 General Restricted Organlsatlonal Total Fixed Asset5 Investments Current A8sets Current Liabilities Net Assets at 31 December 2023 270.000 269.053 81,030 2,141 617,942 270,000 269,053 26.592 111.296 3,674 3.674 26.592 648,208 17 Volunle8rs In common wlth all congregations of the Church of Scolland the congregatlon benefits from the contributions madè by volunte8f5 who give their time and talents willingty for th8 benefft of the Church. The areas of congregational lif8 which raly on the contrfbution of volunteers are many and varled and muth of the activty would be unable to corrtinue w8r8 it not for the commitment shown. 15 ofXI
I GREENOCK- WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL sTATEME1s For the y6ar endod 31 Dec6mber 2024 18 Movements In Funds (Current Yoar) AtlJan 2024 Incoming Outgoing Resources Resources At 31 D8c 2024 Transfers Restrictsd Funds Fabric Fund Flower Fund South African Projects Warm Space Grant M9s6y Church 690 355 2.250 346 3,674 235) 816) 3,000) 455 725 750 1.186 ( 1.500 ( 2.688 2,311 Organtsational Funds Sunday School Indoor Bowling The Guild S8sslon Benevolent Fund Senior Badminton 20 217 2,793 23.098 464 26,592 20) 217) 3.482) 663) 419 4.801 3.056 ( 1,513 ( 246 4.815 2.367 23.948 291 26.606 Unrestrlcted Funds General - Distributable General - Non[stribUtabIe General - Designated 2 312,342 270,OtIo 35,600 617.942 648.208 233,082 ( 131,459) 413.965 270.000 35,600 719,565 748,482 233,082 131.459 140,311 Total Funds 240.585 Pur os•s of Restricted Funds Thg Fabric FurKI is used to fund repairs to the fabriG of the Church Building, Halls and Manse other than day to day running repairs. The R8valuation reserve reflects the original recognisation of the Manse in th8 accounts. This fund is held as a rèstricted fund as any proceeds from th8 sale of the manse would be used to purch&8e a new mansG for the minister. The FIow8r Fund is used to purchase flow8rs for the church and the subsequent distribution of these flowers to members each Sunday. The South Afran Projects is usad to help fund the projects in South Africa to which the Church arè connected wlth. The Messy Church fund is monies raisgd for th8 purpose of funding the Messy Church thal meats on the second Saturday of every month. Designated Fund 2 is money set aside from a l&Jacy for a special project to be decided at a later date by the Trustees. Wami spa grant was to provide a warni space to assist locals during the cost of living increases. P8qe 16 c*20
GREEIIOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 December 2024 18 Movements In Funds (Comparatlve Year) AtlJan 2023 Incornlng Outgolng Resourc8s Resources A131 De 2023 Trdnsfors Restrfcted Funds Fabric Fund Flower Fund South African Pro}8Cts Warm Spac8 Grant M8ssy Church 1,684 3.863 { 28,543) 100) 816) 1.800) 23,029 33 690 355 2,250 286 2.250 { 346 4,906 6.998 31.259 23,029 Organlsatlonal Funds Sunday School Indoor Bowllng The Guild Session Benevolent FurKI Senlor Badmlnton 20 217 2,793 23,098 217 2,659 { 1.220 ( 1.528) 557) 324 2.409 22,435 502 24,836 4.165 26.592 Unrestricted Funds General - Dlstrlbutable Ganeral - Non-distrtbutable Gèneral - Designatsd 1 General - Designated 2 291,263 270,000 142.693 ( 98.585) { 23,0291 312,342 270.000 35,600 596,863 626.605 35,600 617,942 648,208 142.693 98,585 132,253 23.029 Total Funds oses of Restrkted Funds The Fabric Fund is used to fund repalrs to th8 fabric of the Church Building, Halls and Manse otrtrer than day to day running repairs. The RevalLRtion reserve reflects the ortglnal recognisation of the Manse in the accounts. This fund is held as a restricted fund as any proedS from the sale of Ihe manse would ba sed to purchas8 a new manse for thè ministsr. Th8 Flower Fund Is used to purchase flowers for the church and the subsequent distribution of thèsa flowers to members each Sunday. The South African Projects ts used to help fund the projects in South Africa to whlch the Church are Gonnected wth. The Messy Church fund is monles raised for the purtx)se of funding the Messy Church that meets on the sacond Saturday of every month. Designated Fund 1 is for the r8devel(wment of the foyer area in th8 Church Halls. Designsted Fund 2 is money set asid8 from a legacy for a special project to be decided at a later date by the Trusteas. Py17of20
GREENOCK - WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 Dacombar 2024 19 Raconclllatlon of nèt movement In funds to net cash flow from operafjng acllvitlas 2024 2023 Net movament funds Deduct Interast Income Deduct gains18dd back loss8s on investments Decreas&l{Increase) in debtors Incr8asel{Decrease) in creditors 100.274 12.198) 15,282) 25,279 1.844) 21.603 1 10,325) ( 15,438) ( 54,095} 4,815) Net cash used In operating actlvltl8s 96.229 63,070 Pdgg18d
GREENOCK. WESTBURN CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year 8nded 31 D¢cember 2024 Balance Balancé asat asat 0110112024 Income Expendlture 3111212024 Sunday School Indoor Wing The Guild Session Benevolent Fund Senior Badminton 20 217 2.793 3.056 ( 23,098 1,513 ( 246 4,815 20) 2171 3.4821 6631 419 4.801 2.367 23,948 291 26,606 26,592 The income atKI expenditure accounts of the above noted organisations were examlned by rnembers of the Congregaticm. and found. in thalr opinion. to be in accordance wlth th records supplied. Page 19rf20
GREENOCK- WESTBURN CHURCH APPENDIX TO THE ACCOUNTS For the year end8d 31 Decembor 2024 Fun(ts hold on behalf of tha Congregatlon by thè Church of Scotland General Trustees C¢>nsolldated Fabric Fund 2024 2023 Capltal Account Share8 at cost {£1) as at 1 January 39,953 41.118 39,953 Add Realised Galn on reinveslment 1,165 Original Cost Invasted Mark8t V81ue as at 31 December as follows: 60,186 57.339 Revenue Account Balance as at 1 January Interest for Year of Account Income from Capital Accounts 3,100 178 1,211 57 1.834 5.468 3.102 Less: Allocation to support CtS 143 Balance as at 31 December 5.325 3.100 p200r